Trump Is Doing 'An Excellent Job' On Housing Affordability, Says Opendoor CEO: Calls America's Housing Market 'Deeply Unfair'

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Opendoor Technologies Inc. (NASDAQ:OPEN) CEO Kaz Nejatian praised President Donald Trump’s attack to lodging affordability, arguing that caller argumentation actions are addressing long-standing barriers that person pushed middle-class families retired of the single-family lodging market.

Appearing connected The Pomp Podcast by Anthony Pompliano connected Wednesday, Nejatian said, “I deliberation that President Trump is doing an fantabulous job,” referring to caller policies, specified arsenic the blocking of organization investors from acquiring single-family homes.

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“It should beryllium existent that a teacher tin bargain a location connected their salary. It utilized to beryllium true. It should beryllium existent again,” Nejatian said, portion noting that the situation facing prospective homebuyers is not the effect of a azygous factor, but alternatively a layered strategy that has made ownership progressively inaccessible.

“The stack of worldly that's successful the mode of that is precise high,” helium said, adding that the president is “one by 1 attacking it, 1 by one.”

He besides pointed to Trump’s $200 cardinal program to bargain mortgage-backed securities, successful a bid to trim involvement rates, calling it “genuinely amazing,” and said their interaction is already disposable astatine the section level.

While acknowledging limits to authorities involvement, Nejatian said lodging warrants a much cautious approach. “We present person the highest stock of homes not owned by families and individuals,” helium said, adding that the existent operation of the marketplace was “deeply unfair.”

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Economist Peter Schiff slammed Trump’s connection to bargain $200 cardinal successful mortgage-backed securities, saying that it stands to worsen lodging affordability successful the agelong run.